🚨 HYPE Breaks Through $95! Hits a New High Again—What’s Behind It?🔥
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HYPE has hit a new high again, and this is already the third time it has refreshed its record within a week.🚀
On September 21, Hyperliquid’s native token HYPE briefly surged to $95.17, up 4.7% over 24 hours. Over the past 7 days, it gained 18.5%, clearly outperforming BTC, ETH, and SOL.
But what’s really worth paying attention to may not be the $95 price.
Instead, it’s a few new changes behind HYPE.👀
First is Hyperliquid’s newly launched manual lending feature.
On September 18, after the feature went live, it generated about $269 million in borrowing volume within just 24 hours. Users can use HYPE or BTC as collateral to borrow USDC or USDT.
So what does this mean?
In the past, holders of HYPE who needed stablecoin liquidity might have had to sell their tokens first. Now, they can obtain liquidity by pledging HYPE.
Mechanically, this increases the capital efficiency of HYPE and may reduce some holders’ need to directly dump tokens.💰
The second change is that HYPE is trying to open the U.S. market.
Payward, Kraken’s parent company, has proposed launching HYPE perpetual futures for U.S. users via Bitnomial, which is regulated by the CFTC.
Currently, trading activity on Hyperliquid is already quite high, but U.S. users are still restricted. If the relevant plan is ultimately approved, the channel for HYPE to access the compliant derivatives market in the U.S. could expand further.
Of course, you still can’t interpret a “proposal” as “approved” right away.
There’s also a very key piece of data:
Currently, HYPE’s circulating supply is about 251.5 million, while total supply is about 951.6 million—so the circulating ratio is only around 26%.
That means a large number of tokens are still locked.
When market demand rises quickly, limited circulating supply may make price more sensitive to changes in capital.⚠️
So this round of HYPE’s rally might not be just driven by sentiment.
It’s the expectations formed by Hyperliquid’s trading ecosystem, the lending feature, expansion into the U.S. market, and the token supply structure working together.
But the closer it gets to the all-time high, the more you need to watch one question:
Click the avatar to join the Jiuji Chat Group for daily strategies 🚀
#hype #Hyperliquid #DeFi
Group: 点击进入玖玖的粉丝群
HYPE has hit a new high again, and this is already the third time it has refreshed its record within a week.🚀
On September 21, Hyperliquid’s native token HYPE briefly surged to $95.17, up 4.7% over 24 hours. Over the past 7 days, it gained 18.5%, clearly outperforming BTC, ETH, and SOL.
But what’s really worth paying attention to may not be the $95 price.
Instead, it’s a few new changes behind HYPE.👀
First is Hyperliquid’s newly launched manual lending feature.
On September 18, after the feature went live, it generated about $269 million in borrowing volume within just 24 hours. Users can use HYPE or BTC as collateral to borrow USDC or USDT.
So what does this mean?
In the past, holders of HYPE who needed stablecoin liquidity might have had to sell their tokens first. Now, they can obtain liquidity by pledging HYPE.
Mechanically, this increases the capital efficiency of HYPE and may reduce some holders’ need to directly dump tokens.💰
The second change is that HYPE is trying to open the U.S. market.
Payward, Kraken’s parent company, has proposed launching HYPE perpetual futures for U.S. users via Bitnomial, which is regulated by the CFTC.
Currently, trading activity on Hyperliquid is already quite high, but U.S. users are still restricted. If the relevant plan is ultimately approved, the channel for HYPE to access the compliant derivatives market in the U.S. could expand further.
Of course, you still can’t interpret a “proposal” as “approved” right away.
There’s also a very key piece of data:
Currently, HYPE’s circulating supply is about 251.5 million, while total supply is about 951.6 million—so the circulating ratio is only around 26%.
That means a large number of tokens are still locked.
When market demand rises quickly, limited circulating supply may make price more sensitive to changes in capital.⚠️
So this round of HYPE’s rally might not be just driven by sentiment.
It’s the expectations formed by Hyperliquid’s trading ecosystem, the lending feature, expansion into the U.S. market, and the token supply structure working together.
But the closer it gets to the all-time high, the more you need to watch one question:
Click the avatar to join the Jiuji Chat Group for daily strategies 🚀
#hype #Hyperliquid #DeFi
